How does Debt Stacking work?
Debt stacking is a payment strategy that is designed to help you see how you may be able to pay off your debts more quickly. When you pay off your first debt, the amount you were paying toward that debt is added to the amount you pay towards the next debt on your list. By paying more on that second debt, you can accelerate the pay off of that debt. When that debt is paid off, you apply the amount you were paying toward it to the next debt on your list. The total amount you pay each month toward debt in your plan never changes, but the speed with which you start to pay down your debts increases over time as you begin to pay off your debts. When you get to your last debt, the total monthly amount is applied to this one debt each month until it is paid off.
